$Tesla Motors(TSLA)$ Tesla third-quarter earnings slow.
Should be 212 after this week
Tesla missed on third-quarter revenue of $23.4 billion, up 9% from a year earlier but short of the $24.1 billion forecast by analysts. Tesla has been repeatedly cutting the prices of its vehicles to boost sales demand in the face of growing electric vehicle competition from established automakers.
The company once again reported thinner profit margins, even if it is still more profitable than traditional automakers. Its gross margin fell to 17.9%, down 7 percentage points from a year earlier. And the more closely watched adjusted automotive margin, excluding sales from regulatory credits, fell nearly 11 percentage points to about 18%.
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Comments
Tesla is building & installing 20,000 chargers per year. They have the cheapest production cost, and the most reliable chargers.
i may go down a little more but Gm and Ford not investing in EV's who will compete against Tesla.Who??
Which one of these Tesla is going to be the next ‘63 corvette split window or 426 Hemi?
Well, it looks like Tesla wins...Ford and GM will exit EV's...
TSLA is on the edge of an abyss to retest 102